PropertyInvesting.com | TassieJH | Activity https://www.propertyinvesting.com/members/tassiejh/activity/ Activity feed for TassieJH. Sun, 05 Apr 2026 21:18:20 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 40ddf6e768405cbc21f69ba4a4981346 TassieJH replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/5/#post-5018806 Wed, 06 Jan 2016 22:50:32 +0000 Looks like we may have a rental market in the US for a while yet! Note this is a very small survey sample of 1000 and they are people who were looking at Bank Rates so not very scientific…..but an interesting read (Great to live in Oz)
Some 63% of people can’t deal with a $500 emergency

Americans are starting 2016 with more job security, but m…[Read more]

]]> 366378ad984651304852ef04d634c74c TassieJH replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/5/#post-5018806 Wed, 06 Jan 2016 22:50:32 +0000 Looks like we may have a rental market in the US for a while yet! Note this is a very small survay sample of 1000 and they are people who were looking at Bank Rates so not very scientific…..but an interesting read (Great to live in Oz)
Some 63% of people can’t deal with a $500 emergency

Americans are starting 2016 with more job security, but m…[Read more]

]]> e919930e18941cc2d127fd17b9dc32af TassieJH changed their profile picture https://www.propertyinvesting.com/activity/p/299538/ Tue, 07 Oct 2014 22:31:06 +0000 8ed345a7f98bc6c069601838ed8c3305 TassieJH replied to the topic Anyone bought Atlanta properties using Top Rental Returns? in the forum trinalewis wrote: Hi,In https://www.propertyinvesting.com/topic/4400716-anyone-bought-atlanta-properties-using-top-rental-returns/page/3/#post-4628996 Mon, 14 May 2012 09:27:35 +0000 trinalewis wrote:
Hi,In response to the request re posting my property purchases – would you like the addresses? thanksTrina

Trina,I also own Atlanta properties so may be nice to catch up with a private message.  Are you happy to accept contact via the site as your profile is currently not accepting contact.TassieJH

]]> 905e2dd995aadc5626d72b34496b7e5f TassieJH replied to the topic How to Register an LLC & EIN and save $$$ compared to AUS buyer agents in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403884-how-to-register-an-llc-ein-and-save-compared-to-aus-buyer-agents/page/2/#post-4649468 Tue, 20 Dec 2011 22:33:41 +0000 outatrim wrote:
Long time stalker. Just posting to thank Property Scout for this information. We followed the steps, for the state of Utah but still much the same. – Registered the LLC, one little hiccup meant we paid $22 unnecessarily to reserve the name we wanted to register. Otherwise just the state fees. – Paid $125 for Registered Agent…[Read more]

]]> 9edba39965a72e59649040dbe338bb76 TassieJH replied to the topic Help with ITIN application in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403595-help-with-itin-application/#post-4647463 Thu, 11 Aug 2011 01:48:50 +0000 TassieJH wrote:
I believe our ducks/ docs are now in a row to start the official W-7 ITIN process .We are sending over the following within Australia   Passports to be notorized by US Consulate in Melbourne at $50AUD ea   Copies of Bank forms with our LLC details and requesting our signatures supporting the EIN info   Exemption to request based…[Read more]

]]> 11c41da56bd634a5848e28ea4e77aecd TassieJH replied to the topic How to Register an LLC & EIN and save $$$ compared to AUS buyer agents in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403884-how-to-register-an-llc-ein-and-save-compared-to-aus-buyer-agents/#post-4649455 Mon, 18 Jul 2011 06:59:06 +0000 4Sighted wrote:
Hi guys,Hi Property Scout, Did you use your Melbourne address in the forms?? Or did you use a US address? I am trying to form an LLC in Florida (online), but the forms will not allow me to use my Sydney address, the fill-in boxes are pre selected with States of the USA. As such it keeps on rejecting my application until it is…[Read more]

]]> 7f1a1e4f728b66520f762f2ed4a0e9a4 TassieJH replied to the topic Lodging a tax return in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/page/2/#post-4639196 Mon, 27 Jun 2011 00:22:05 +0000 biggaz13 wrote:
Hi TassieJHDid you end up getting an ITIN???Your USA tax return. Did you find an appropriate accountant to assist or did you use that Turbo Tax Software??Thanks in advanceGary

Biggaz13, Gary,We are on the ITIN journey from SA we sent our passports to the US Consulate General in Victoria for notarization by a US official – $…[Read more]

]]> f75479f2fad288ca65214e30ba316577 TassieJH replied to the topic How to Register an LLC & EIN and save $$$ compared to AUS buyer agents in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403884-how-to-register-an-llc-ein-and-save-compared-to-aus-buyer-agents/#post-4649442 Fri, 24 Jun 2011 06:05:19 +0000 Great information Property Scout. Clear, concise and to the point.A little more of a challenge to come wiith a bank account …but that is another post

]]> af196018f693082d7c68ea0fb7181f0d TassieJH replied to the topic Help with ITIN application in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403595-help-with-itin-application/#post-4647458 Fri, 03 Jun 2011 01:35:14 +0000 DetroitDan9 wrote:
Tassie, We just went through quite a hassle with an Australian friend of mine who came into Detroit to buy properties. It was like pulling teeth to get his corporate structure setup!

Detroit Dan…..you are not inspiring me I believe our ducks/ docs are now in a row to start the official W-7 ITIN process .We are sending over…[Read more]

]]> faac39fda7d55ae878f02906f1534917 TassieJH replied to the topic Anyone planning on going to the US Mastermind Training? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403193-anyone-planning-on-going-to-the-us-mastermind-training/#post-4644517 Fri, 20 May 2011 01:58:47 +0000 petejac1 wrote:
I leave in 2 days to attend the Mastermind in May.  I would highly recommend having as much done way ahead of attending.  The timetable looks very tight so you need all your spare time organising deals and researching rather then setting up details.  The first part is getting your ITIN as it takes the longest. Unfortunately mi…[Read more]

]]> a0aa3b5c257bd997f52b435e04c5ef1c TassieJH replied to the topic Lodging a tax return in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/page/2/#post-4639192 Tue, 15 Feb 2011 05:42:59 +0000 Jaag Property wrote:
I'm trying to clear the tax issues up as well. The only shareholder in our US LLC is our SMSF. Anyone have any idea what the tax treaty situation is regarding this – I visited an accountant while there, and she said she would have to look into it, as she was unsure whether we would pay tax in the States at all, but she was…[Read more]

]]> dd6decf4216bfc708c86c68eb566702b TassieJH replied to the topic Lodging a tax return in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/page/2/#post-4639191 Tue, 15 Feb 2011 05:28:54 +0000 rlillycrop wrote:
Hi TassieJHI think you will need to check with your Australian tax office what needs to be reported to the IRS because of the tax treaty situation. Generally with LLC income it is passed through to the individual(s). So with single member LLC's you are taxed like an individual and with multi-member LLC's the members are taxed…[Read more]

]]> ec7a870db954ce5814d5dc9cd6f7bc77 TassieJH replied to the topic Is it best to buy in an LLC or in own name? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/3/#post-4635985 Thu, 10 Feb 2011 02:22:41 +0000 guehling wrote:
There has been a bit of tax discussion with the LLCs so I thought I'd run one by anyone who may know the answer.  Here it goes…What I’m trying to ascertain is how the IRS in the US will tax a Delaware LLC which will be owned by a Self Managed Superannuation Fund in Australia?  ……. So now we get back to the question, if th…[Read more]

]]> 2cadcc6b55bcfef57b33493eb76dfa8f TassieJH replied to the topic MIAMI (ad)VICE in the forum All this talk about the https://www.propertyinvesting.com/topic/4401354-miami-advice/page/15/#post-4633077 Mon, 31 Jan 2011 23:09:18 +0000 All this talk about the virtues of Miami and Florida perked my interest in the following LLC articles that may interest our MIAMI(ad)VICE colleagues. I came across some good posts from Biggerpockets.com that explain some of the finer details in some plain language.Can Nevada or Wyoming Protect Your Real Estate Investments in Another StateA more…[Read more]

]]> 593c25ce8a342679a89f4ef4161eff4a TassieJH replied to the topic Is it best to buy in an LLC or in own name? in the forum In my quest for logic and https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/3/#post-4635979 Mon, 31 Jan 2011 23:04:27 +0000 In my quest for logic and sanity regarding the ownership Pros/Cons of LLCs I came across some good posts from Biggerpockets.com that explain some of the finer details in some plain language.Can Nevada or Wyoming Protect Your Real Estate Investments in Another StateA more in-depth article goes into detail regarding Florida specifics.Setting the…[Read more]

]]> 3aff749375d0c237cc57e1af903bb125 TassieJH replied to the topic Lodging a tax return in the US in the forum rlillycrop wrote:Hi Morgan I https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/page/2/#post-4639185 Mon, 24 Jan 2011 06:34:57 +0000 rlillycrop wrote:
Hi MorganI use TurboTax Home and Business. The software is really easy to use and produces all the relevant paperwork for your return. Also at about $100 it is a lot cheaper than using a CPA.

Hi RLillycrop,I looked into your suggestion of TurboTax Home and Business which does look appealing. As a "Non Resident Alien"  (catchy…[Read more]

]]> f95c760225dca7ad05c456b8b0fea175 TassieJH replied to the topic Is it best to buy in an LLC or in own name? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/3/#post-4635978 Thu, 20 Jan 2011 05:10:18 +0000 white_goodman wrote:
well I assume their will be some sort of clause to stop a quit claim deed, I guess the question is at what number of properties is it smarter tax wise to place them all in an LLC, im guessing around 3 or 4

"Tax wise" the LLC is a "pass through" entity and handled by the US/Aus tax treaty.   The number of properties owned u…[Read more]

]]> 490fec2927832fc7e31a32d3d426c837 TassieJH replied to the topic LLC in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402497-llc/#post-4639921 Thu, 20 Jan 2011 04:58:02 +0000 bowenvale wrote:
Assuming an LLC is the best structure to buy a property in the US, I have the following questions. a. Can the director of an LLC be an Australian Family Trust(with an Australian Pty ltd as trustee) b.If you set up an LLC can all correspondance be sent to an Australian address? If not how is this handled c.Can anyone recommend a…[Read more]

]]> 5fa4e9c3df2dc0635e167f9c974cead1 TassieJH replied to the topic Is it best to buy in an LLC or in own name? in the forum white_goodman wrote:isnt https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/3/#post-4635976 Thu, 20 Jan 2011 04:30:06 +0000 white_goodman wrote:
isnt there an issue where it has some clause in the loan whereby the sale or transfer of thte property requires the loan amount to be repaid?

The US loans are VERY different to the Australian Banks.  As far as I know, most US residential loans are NON-Recourse which is why they have so many properties in loan payment…[Read more]

]]> c36eab17c2821b95501bfda18fa6b1f2 TassieJH replied to the topic Is it best to buy in an LLC or in own name? in the forum white_goodman wrote:say you https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/3/#post-4635974 Thu, 20 Jan 2011 03:11:58 +0000 white_goodman wrote:
say you can find financing for a property but they will only finance in your personal name.. can you transfer the property into an LLC after this? or does it cos a big tax headache as the loan then isnt a business deductible expense? (its still in the personal name)

ASSUMING you are able to find US financing in your own…[Read more]

]]> d7efdf9f087a0d05ff7d0c30f444cf41 TassieJH replied to the topic Purchasing in USA using SMSF in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402212-purchasing-in-usa-using-smsf/#post-4638232 Tue, 18 Jan 2011 05:49:16 +0000 Fishface – Scott,…"What made you go the LLC path and are you happy with your decision."  … The $64 question  and the winner is …… I will let you know in 20 years after I have retired and all the taxation (IRS and ATO) hassles vs paperwork and compliance are forgotten as I twiddle my thumbs by the beach…….or in the local insane asylum !…[Read more]

]]> 4c53e3eb3c063e71125479d6c2f0c49f TassieJH replied to the topic Purchasing in USA using SMSF in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402212-purchasing-in-usa-using-smsf/#post-4638228 Tue, 11 Jan 2011 05:19:50 +0000 Hi Steve and "fishface"I cannot offer any answers but hoping someone else can…I was heading down the SMSF creation path in 2010 and was keen on the Australian federal NRAS scheme using SMSF but came across challenges with ANZ and other lenders so have "parked" the idea at this point.In the mean time we investigated the US property market and…[Read more]

]]> 3fad60e56830ee0c51461753fbb2006e TassieJH replied to the topic Is it best to buy in an LLC or in own name? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/2/#post-4635971 Tue, 14 Dec 2010 23:46:09 +0000 [/quote]so say i buy a property in Vegas, get a Nevada LLC.. 2 years later I decide to get one in New York in which i put into a NY LLC, can i then get a holding LLC to group all my LLC's?[/quote] White-Goodman,You can change the membership of the LLC from being yourself and other "people" to being another legal entity such as another LLC or a…[Read more]

]]> 7691d883eb0c7e7ed756919df6567b92 TassieJH replied to the topic Is it best to buy in an LLC or in own name? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/2/#post-4635968 Tue, 14 Dec 2010 06:22:48 +0000 Treasure Hunter wrote:

Marthamel wrote:
JamesAlso, the way Wyoming and Nevada laws are written, the way compensation can be accessed is more difficult for the complainant, and protects you that way too.

Hi Marthamel, As far as you know, is Nevada and/or Wyoming the best place for setting up an LLC for an individual (as opposed to multiple…[Read more]

]]> 6a288666d4f4c04934c7e73d0fcb7a10 TassieJH replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/13/#post-4633029 Mon, 29 Nov 2010 06:03:24 +0000 Hi British Buyer and other avid thread followers,You may have seen this "documentary" posted on You Tube regarding the Foreclosure Realtor process How to Buy a Bank-Owned Home  Sums up some of Steve's experiences nicely,

]]> 506f927baec5a13aa5c131544aee8091 TassieJH replied to the topic $100k in Super - Is it "Doable" to purchase a property with SMSF?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4402008-100k-in-super-is-it-doable-to-purchase-a-property-with-smsf/#post-4637001 Thu, 25 Nov 2010 06:23:16 +0000 hi Maree,Do you have access to equity in other property such as your home or other investment property that is not fully leveraged?You may save on fees / hassles by using the BYOB concept (be your own bank).   This will require the same Bare Trust set up for the non-recourse loan within a SMSF but you provide th funds via an arms length loan to t…[Read more]

]]> 4a01b558855d6ebf75a8f8dde7288ebd TassieJH replied to the topic Strata management just went up 50%!?!?!?!? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401314-strata-management-just-went-up-50/#post-4632608 Thu, 25 Nov 2010 05:14:22 +0000 FYI for guys with strata property in South Australia.Proposed changes to the strata management act in 2011 with public comment closing on December 24, 2010.I have started a new topic in the Legal forum  https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4334696regards,TassieJH

]]> e108a614a139c243b4bc491cacab7d4a TassieJH replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/13/#post-4633026 Wed, 24 Nov 2010 23:57:32 +0000 British Buyer,You can't leave Miami yet  ….. it would be like Horatio leaving CSI …. but seriously folks  we have all gained a lot of US knowledge from your post and the dedication to the thread/journey.I am sure other will agree that we would like to continue "reading the story" and stay tuned for more episodes on MIAMI (…[Read more]

]]> 996964f884e905a2598a9629f9e57ca7 TassieJH replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633008 Fri, 19 Nov 2010 04:39:15 +0000 Very philosophical guys…and interesting.But back at the main topic of MIAMI ad(VICE) Steve how is this week progressing for on the quest for a SFH to inhabit with the family?The tales of intrigue and skulduggery have at sitting close to our LCD screens waiting for the next episodeKeep up the great posts.Tassie

]]> 30a3ad7765e555a729e8c8bcb8032565 TassieJH replied to the topic MIAMI (ad)VICE in the forum Zita wrote:Thank you to https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632987 Mon, 15 Nov 2010 01:52:54 +0000 Zita wrote:
Thank you to Steve & Pat for your prompt responses!Re: HSBC Bank types. After speaking in person to a Bank representative, he stated that The Premier Account does require $200,000 deposit, however I will follow this up. If perhaps it was required as an inital deposit and then later withdrawled, then your advice to then downgrade the…[Read more]

]]> f68f00b102b19ea16f7719076296fe23 TassieJH replied to the topic Adelaide Accountant recommendation? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401631-adelaide-accountant-recommendation/#post-4634789 Fri, 05 Nov 2010 06:13:23 +0000 Hi Luke,I have started using the services of Cutillo of Grange Road,   Flinders Park.Investor friendly    

]]> 2cc15adbd784b631ac78159b3ffad23d TassieJH replied to the topic Have found opportunities, now need to find a syndicate. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401744-have-found-opportunities-now-need-to-find-a-syndicate/#post-4635362 Fri, 05 Nov 2010 04:37:36 +0000 Hi Martha,I think you are in the "right place" but this is very much a start of a journey as yo have probably read in some other posts.  (an interesting read here Miami (ad)VICE )Suggest you put together some concepts as to the size and location of the intended "deal" that will enable others to scope the opportunity.  You will then get some fe…[Read more]

]]> 2c908e993cdab6869bd398048ca4f439 TassieJH replied to the topic Dymphnas USA investing course-is it worth it? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401664-dymphnas-usa-investing-course-is-it-worth-it/#post-4634946 Tue, 02 Nov 2010 12:29:33 +0000 I went to the one day session in Adelaide on Monday and can recommend this "freebie". It would be great to hear from someone who has attended her 3 day courses or better yet – a US student.I am interested in the 3 day event but a challenge with travel to Brisbane and child care.TassieJH

]]> 3251d7707a9a2cd70975c420a2d06070 TassieJH replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/6/#post-4632896 Tue, 02 Nov 2010 12:18:48 +0000 Hi Steve,Great dialogue and insight from "the average punters perspective".  Most of us reading your travels are probably owners of a few properties in our home country but the hurdles and different practices we are all seeing / reading / experiencing with regard to the US as a country and the individual states is mind blowing.  In Australia we h…[Read more]

]]> 213ff9981ff5ce175fd66492be2b82a8 TassieJH replied to the topic Michigan Property Market in the forum Overseas Deals https://www.propertyinvesting.com/topic/4399238-michigan-property-market/page/2/#post-4620135 Tue, 19 Oct 2010 03:28:50 +0000 ambosh wrote:
Robert Are you saying you can elect for a different year end in the US?  This would be really helpful, rather than needing to do your tax return financial summaries twice a year!ThanksJosh

Josh,some IRS info here for Rentals came across this futher detail specifically for rental property. "Topic 414 – Rental Income and…[Read more]

]]> beed5256a376dcb2c0dfd7b6bcff678b TassieJH replied to the topic Paying tax on American Property. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4399361-paying-tax-on-american-property/#post-4621010 Tue, 19 Oct 2010 01:28:44 +0000 jeff2tract wrote:
Hi Archanic, I just joined today, If you would like there details I would be happy to email them to you

Jeff2tract,I would be interested in making contact with your accountants for some services.Please open your profile up to accept email contact.thanks, TassieJH

]]> 9242bcb0f6353c48494652b08c456d5f TassieJH replied to the topic Paying tax on American Property. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4399361-paying-tax-on-american-property/#post-4621008 Sun, 17 Oct 2010 11:39:16 +0000 Archnic wrote:
Hi all, hope you can help.Nickps. On a different note, for those reading this post because they're trying to work out USA tax, just as I am, this is a great place to start – it got me up to the questions I'm asking now:  http://www.irs.gov/businesses/small/international/article/0,,id=96477,00.html

Investigated the link supplied…[Read more]

]]> a38183b7349a1333812d90b5390f7f21 TassieJH replied to the topic Setting up a Trust Fund - Is It Too Late? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401274-setting-up-a-trust-fund-is-it-too-late/#post-4632340 Tue, 28 Sep 2010 00:32:27 +0000 Onebiggumby,I have received your email but no phone number to call you on or ability to reply via your forum profile.Please enable private email contact via the forum or contact me via the contact mail with a phone number.  regards,TassieJH

]]> 4ba07fb08eec7f60cff32683658571c3 TassieJH replied to the topic Setting up a Trust Fund - Is It Too Late? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401274-setting-up-a-trust-fund-is-it-too-late/#post-4632338 Wed, 22 Sep 2010 11:00:24 +0000 RJB wrote:
Hi,A little bit of track – and maybe a silly question – but do you need to set up a bank account for a trust? I have just purchased a property in the name of my trust but don't have a separate account for it… Shoud I…?Thanks,RJB

RJB,Suggest you clarify with your accountant very soon as you will not be able to demonstrate…[Read more]

]]> 1769915040b93a13fb355e04e9f452d1 TassieJH replied to the topic Setting up a Trust Fund - Is It Too Late? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401274-setting-up-a-trust-fund-is-it-too-late/#post-4632335 Wed, 22 Sep 2010 07:01:17 +0000 Hi onebiggumby,I purchased a Town House in "my name and nominees" in SA last December when I did not have a company structure.  After some quick introductions to a new accountant and conveyencer I THEN set about the establishment of the Trust and the Company.Costs to change the contract were $100 handled by the conveyencer.  All other costs were f…[Read more]

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